LOT with PLN 260 mln EBIT at end-Q3

State-owned airline PLL LOT had over PLN 260 million EBIT at end-Q3, according to its CEO Rafał Milczarski, and hopes that it will surpass PLN 280 million at the end of the year. In the budget for this year, the company plans to earn PLN 175 million from its core activity, which last year amounted to PLN 184 million. According to Milczarski, this year’s results would be better if it weren’t for the capacity of the Warsaw Chopin Airport, which serves as the airline’s main hub, which the CEO called “an obstacle.” LOT plans to service some 6.7-6.8 million passengers this year, and over 9 million next year. So far, in the first three quarters, the airline had 5.5 million customers.